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jarptica [38.1K]
2 years ago
15

you are at the checkout counter at the local supermarket and use your debit card to pay for your groceries. where does the money

for this purchase come from?
Business
1 answer:
elixir [45]2 years ago
6 0

Answer:

Of your own account

Explanation:

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Question 2 (multiple choice)
Paha777 [63]
A. $625.71
619+619×0.13/12
4 0
3 years ago
Type the correct answer in the box. Spell all words correctly.
notka56 [123]

Answer:

Doubtful

Explanation:

The company will record the uncollectible $5,670 of its accounts receivable as a debit to uncollectible accounts expense and a credit to the DOUBTFUL account.

This is evident in the fact that the bad debt allowance method has three main principles which are:

1. Calculate uncollectible receivables

2. Debit bad debt expense and credit allowance for doubtful accounts in the journal entry

3. Debit allowance for doubtful accounts and credit the corresponding receivables account when it is time to write off the account.

8 0
3 years ago
LO 7.3Which is not a section of the cash budget?
Bad White [126]

Answer:

allowance for uncollectible accounts

Explanation:

The cash budget represents the cash inflow and cash outflow position with respect of cash receipts and cash payments i.e cash disbursement plus it also involves financing needs i.e how much amount is to be borrowed

But it does not involve the allowance for uncollectible accounts  as it is not shown in the cash budget because it is shown under the debtors side with the negative amount of the balance sheet

Like

Assets

Current Assets

Account receivable                                             XXXXX

Less: Allowance for uncollectible accounts       XXXXX  

Net account receivable                                      XXXXX

8 0
3 years ago
Economic bads are items
sdas [7]
Economic bads for which the desired quantity is less than what nature provides at a zero price.<span>
Those are items people would pay to avoid or get rid of. They are</span><span> the opposite of an </span>economic<span> good</span><span>
Examples of economic bads include: pollution, noise, unhealthy food, risk, losss of resources,...</span>
7 0
3 years ago
On school days, alma packs herself a sandwich, so she buys bread about once a week. how is she most likely to stray from the con
7nadin3 [17]

She is most likely to stray from the consumer decision process in this example b<span>y spending very little effort on searching for information and considering options. The consumer decision making process involves five key steps: (1) Problem recognition, (2) Information search, (3) Seeking Alternatives, (4) Purchase, (5) Evaluation of Purchase. Thus, she will stray away from the usual consumer decision process if she does not spend time searching for information about the product or if she does not consider other options. </span>

8 0
3 years ago
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